27th Oct 2015 07:27
LONDON (Alliance News) - Wealth manager St James's Place PLC on Tuesday said its net inflow of funds under management improved year-on-year in the third quarter, as the group continues to grow its business.
The FTSE 100-listed company said its net inflow of funds under management in the quarter to the end of September was GBP1.48 billion, up from GBP1.26 billion in inflows a year earlier. For the first nine-months of the year, its total net inflows were GBP4.15 billion, up from GBP3.70 billion in 2014.
Total funds under management for the company increased to GBP54.5 billion at the end of the quarter, up from GBP49.1 billion a year earlier.
"Following the implementation of arguably the biggest changes to retirement options in a generation, our partners have understandably been particularly active in helping clients to fully understand the more flexible, often complex, options available in respect of their retirement funds so that they may decide which best suits their immediate and future financial objectives," said Chief Executive David Bellamy.
"We remain focused on achieving the best possible outcomes for our clients, through the provision of sound personal advice, a reliable ongoing service and our distinctive approach to the management of their wealth and are confident that we will continue to grow our business in line with our objectives, in 2015 and beyond," Bellamy added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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